Swapnex Reviews

Arbitrage trading is one method to make money from cryptocurrencies. Essentially, you get low and sell high and kind of earn the spread.

Swapnex is one platform that helps automate the otherwise tedious  manual process. There isn't to keep a tracking of several cryptocurrency tokens and exchanges to make money from the market.

What you may need to do is produce a deposit and permit the automated bot do the heavy lifting. To many people, that sounds too good to be true.

In this Swapnex review, we've a deeper read the platform and reveal all you need to understand before you get started. Is it legitimate or a fraud? Read on and you need to have your answers.

What is Swapnex?

Swapnex is definitely an Australian cryptocurrency trading platform. It's focused on arbitrage trading which consists of benefiting from price differences on different exchanges.

Swapnex is monitoring cryptocurrency prices on different exchanges and teaches you supposed arbitrage opportunities.

You have the ability to trade those opportunities manually through Swapnex with the benefit of not having to open your own trading accounts on all exchanges and moving money between them.

However, you are able to only make one manual trade per day. If you would like to make more, you've to cover a lot. Currently you'll find three paid plans:

• Start costs 200 USD and allows 2 manual trades daily
• Personal costs 500 USD and allows 3 manual trades daily
• Professional costs 1500 USD and allows 4 manual trades daily

Additionally, there are plans for a vehicle mode that'll trade for you, and it's very costly too. The best plan could make you deposit at the very least 0.0013 BTC (about 50 USD) only for 1 trade daily for 30 days.

The absolute priciest auto plan requires the very least deposit of 1.3 BTC (about 50,000 USD) and it will make 8 trades for you for a whole year.

And consider Swapnex profits? The statistics of the platform say that for a standard total traded degree of 2.69 billion USD it generated a ROI of 70.7 million USD. Meaning the typical return on Swapnex is 2.62% per trade.

Swapnex Trading Instruments – What Can I Trade?

Swapnex broker was managing a typical crypto scam. Clients were promised money from purchasing different digital coins. However, the important thing accent wasn't on investing but on bringing customers.

Swapnex's minimum deposit was $200 for the Start plan, with a promised passive return. Yet, this length of action is valid for 30-90 days, depending how long your funds are locked. Then, you'll need to lock them again or invest more and upgrade to different plans with higher returns.

In general, there was no trading. The firm was using deposits to refund previous customers and was chasing its own tail before being exposed when everything blew up and the broker vanished Click Here.

Swapnex review – Conclusion

Swapnex is really a fraud, it shows fake prices and arbitrage opportunities that don't exist in reality. It is a Ponzi scheme that will probably collapse, and that's why you've to steer clear of it!

Arbitrage opportunities are hard to find nowadays, you could have a look into some crypto exchange and regulated brokers to see the actual prices.

If you would like to start trading with cryptocurrencies or various other asset on financial markets, please first make sure that you recognize the risks.